Form 990 for tax year 2023

Filed by SEEED INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 4 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $1,078,888 changed to $1,068,635
Total expenses: $1,009,959 changed to $1,013,403
Contributions and grants received: $826,003 changed to $820,388
Program service revenue: $146,745 changed to $147,645
Investment income: $83,479 changed to $77,941
Total assets, end of year: $667,187 changed to $650,152
Total liabilities, end of year: $519,172 changed to $515,834
Net assets or fund balances, end of year: $148,015 changed to $134,318
Program services expenses: $736,119 changed to $597,524
Management and general expenses: $173,688 changed to $287,514
Fundraising expenses: $100,152 changed to $128,365
Program service expenses (Part III): $736,119 changed to $597,524

Totals

Total revenue: $1,078,888
Total expenses: $1,009,959
Contributions and grants received: $826,003
Grants paid: $0
Program service revenue: $146,745
Investment income: $83,479
Other revenue: $22,661
Total assets, end of year: $667,187
Total liabilities, end of year: $519,172
Net assets or fund balances, end of year: $148,015
Program services expenses (Part IX): $736,119
Management and general expenses: $173,688
Fundraising expenses: $100,152
Program service expenses (Part III): $736,119

Program services were 72.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$608,370
1f · All other contributions, gifts and grants

$217,633
1g · Noncash contributions included above

$200
2a · Program service revenue: CE FEES FOR SERVICE

total $145,000 · related or exempt $145,000
2b · Program service revenue: SEH FEES FOR SERVICE

total $1,745 · related or exempt $1,745
3 · Investment income

total $761 · related or exempt $761
7a · Gross sales of assets other than inventory

other assets $229,000
7b · Less cost or other basis and sales expenses

other assets $146,282
7c · Gain or loss

other assets $82,718
7d · Net gain or loss

total $82,718 · related or exempt $82,718
8a · Fundraising events: gross income

$45,533
8b · Fundraising events: direct expenses

$22,872
8c · Net income from fundraising events

total $22,661 · excluded $22,661

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $149,200 · program services $32,550 · management and general $66,650 · fundraising $50,000
7 · Other salaries and wages

total $429,959 · program services $354,959 · management and general $30,000 · fundraising $45,000
10 · Payroll taxes

total $46,749 · program services $42,099 · management and general $1,860 · fundraising $2,790
11c · Fees: accounting

total $9,950 · management and general $9,950
11g · Fees: other

total $125,543 · program services $101,799 · management and general $23,744
12 · Advertising and promotion

total $10,360 · program services $9,117 · management and general $1,036 · fundraising $207
13 · Office expenses

total $5,079 · management and general $5,079
14 · Information technology

total $7,902 · program services $6,954 · management and general $790 · fundraising $158
16 · Occupancy

total $17,807 · program services $16,024 · management and general $1,507 · fundraising $276
17 · Travel

total $6,803 · program services $5,987 · management and general $680 · fundraising $136
20 · Interest

total $21,075 · management and general $21,075
22 · Depreciation, depletion and amortization

total $3,723 · program services $3,723
23 · Insurance

total $27,032 · program services $23,788 · management and general $2,703 · fundraising $541
24a · Other expenses: CRP STIPENDS

total $31,142 · program services $31,142
24b · Other expenses: CE STIPENDS

total $25,140 · program services $25,140
24c · Other expenses: DUES AND MEMBERSHIPS

total $13,137 · program services $11,560 · management and general $1,314 · fundraising $263
24d · Other expenses: STAFF DEVELOPMENT

total $12,463 · program services $10,968 · management and general $1,246 · fundraising $249
24e · All other expenses

total $66,895 · program services $60,309 · management and general $6,054 · fundraising $532

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $45,708 · end of year $70,382
2 · Savings and temporary cash investments

beginning of year $245,814 · end of year $221,540
4 · Accounts receivable

beginning of year $29,747 · end of year $43,495
7 · Other notes and loans receivable

beginning of year $1,300 · end of year $392
10a · Land, buildings and equipment: cost or other basis

$20,258
10b · Land, buildings and equipment: accumulated depreciation

$13,198
10c · Land, buildings and equipment, net

beginning of year $10,783 · end of year $7,060
15 · Other assets

beginning of year $289,984 · end of year $324,318
17 · Accounts payable and accrued expenses

beginning of year $33,061 · end of year $12,934
24 · Unsecured notes and loans payable

beginning of year $5,000
25 · Other liabilities

beginning of year $506,189 · end of year $506,238
27 · Net assets without donor restrictions

beginning of year $75,836 · end of year $148,015
28 · Net assets with donor restrictions

beginning of year $3,250

Mission and programs · 2023

Mission

CREATE PATHWAYS OUT OF POVERTY FOR YOUNG ADULTS THROUGH JOB READINESS. TRAINING WHILE EDUCATING COMMUNITIES WITH ENVIRONMENTAL LITERACY SKILLS.

THE EDUCATION AND TRAINING OF DISADVANTAGED INDIVIDUALS IN VARIOUS TRADES AND OCCUPATIONS. PARTICIPANTS IN THE PROGRAM LEARN VALUABLE LIFE SKILLS, INCLUDING HOW TO INTERRACT WITH OTHERS, FIND GAINFUL EMPLOYMENT, FURTHER THEIR INVOLVEMENT IN THE COMMUNITY, AND LEAD PRODUCTIVE LIVES.

Expenses $736,119 · Revenue $146,745

As filed on the 2023 return.

Listed in Part VII

STANLEY C JOHNSON

EXECUTIVE DI

Total calculated

$84,100

From this org

$84,100

From related orgs

$0

Other

$0

Hours/week

40
J D JACKSON

COO

Total calculated

$65,100

From this org

$65,100

From related orgs

$0

Other

$0

Hours/week

40
RICK BLACKBURN

BOARD MEMBER

Total calculated

$0

Hours/week

1
TYRONZA CARSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
LEON CHRISTION

BOARD MEMBER

Total calculated

$0

Hours/week

1
ANDREW JACKSON

TREASURER

Total calculated

$0

Hours/week

1
JARMAN WATTS

CHAIR

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 11 November 2024
IRS schema version: 2023v5.0
Source object: 202443199349304334

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